Co-conspirator in ANSCB gold loan scam nabbed

Port Blair
21 Dec 2017

During further investigation into the multi-crore gold loan scam of Andaman & Nicobar State Cooperative Bank, the Police teams from PS Pahargaon and PS Chatham arrested yet another accused on 15/12/17. During sustained interrogation of main accused Kalishwaran, the authorised Gold appraiser of ANSCB, involvement of other accused was revealed. Based on inputs provided by Kalishwaran and the documents recovered during investigation, a key conspirator of the scam, N. Ponnaiah, resident of Pathergudda has been arrested on 15/12/17. During interrogation he confessed to the crime and revealed his role in the scam. He disclosed that he was instrumental in luring unsuspecting individuals and opened gold loan accounts in their names. The investigation of the case and arrests have been made by teams of PS Pahargaon and PS Chatham, led by SHO Pahargaon, Inspr. Sahil Shamsuddin and SHO Chatham, SI Abdul Rahman respectively. Both the teams under the guidance of respective SHOs are working relentlessly to unearth the entire nexus involved in the crime and Andaman and Nicobar Police is committed to bring all the culprits to justice.